Sanderson Farms (NASDAQ: SAFM ) is upping its quarterly dividend to $0.20 per share, up 17% from its most recent payout of $0.17, which the chicken processor and distributor had paid investors since October 2010. The increased dividend will be payable on Oct. 15 to shareholders of record as of Oct. 1.
On an annualized basis, Sanderson Farms' quarterly dividend adds to $0.80 per share of common stock. As of the market's close on Sept. 18, the company's stock was trading at $66.07. This means the company currently has a 1.2% dividend yield.